Category Archives: Bankruptcy

Restructuring & Insolvency | Legal Services

The team’s work covers all sectors, including domestic and international debt restructurings, refinancings, workouts and turnaround strategies, debt for equity swaps, distressed M&A, distressed investing and loan to own strategies, schemes of arrangement, restructuring plans, enforcement strategies, company voluntary arrangements, administrations, receiverships, liquidations, personal bankruptcy, insolvency litigation, investigations, fraud and asset recovery, and commercial litigation.…

Bankrupt Diamond Co. Was Undone By CEO Fraud Claims

By Emily Lever · November 19, 2025, 8:27 PM EST Behind the glittering facade of Lugano Diamonds were fraudulent diamond investments and accounting irregularities that have landed the luxury jewelry house in bankruptcy, court documents and financial disclosures show…. To view the full article, register now. Read the original article here

EOW books four persons in ₹90-crore scam Provogue liquidation case

MUMBAI: The Economic Offences Wing (EOW) of the Mumbai police, on the complaint from the former managing director of Provogue India Pvt Ltd, has registered a case against a resolution professional (RP), Provogue’s former director, a few former employees and some clients (debtors). The complainant has alleged that he was cheated of ₹90 crore by…

What the future holds for stores and employees in 2025

Motorcycle accessories supplier Polo has once again filed for insolvency under its own administration and intends to continue business operations under the protection of insolvency law. Despite economic difficulties, the stores remain open and employees’ wages are secure for the time being. Insolvency under self-administration since November 18, 2025 Around 700 employees in Germany, wages…

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Adani Enterprises gets lenders’ nod to acquire Jaiprakash Associates

Billionaire businessman Gautam Adani-promoted Adani Enterprises said on Wednesday that the creditors of the bankrupt infrastructure firm Jaiprakash Associates have approved its takeover proposal. The company did not disclose its bid value. Upon takeover, Adani Enterprises will have control over Jaiprakash Associates’ business spanning seven industries that had reported over ₹6,500 crore in revenue and…

Former Provogue Director Files FIR Alleging ₹90-Crore Scam In Insolvency Process; EOW Begins Probe

Former Provogue director alleges ₹90-crore fraud during insolvency as police and EOW begin probe | Representational Image Mumbai, Nov 19: A complaint has been filed by Nikhil Chaturvedi, former Director of Provogue India Ltd., alleging a massive financial fraud during the company’s insolvency and liquidation proceedings during 25 September 2018 to 25 April 2023. FIR…

Adani Enterprises secures creditors’ approval for Rs 14,535 crore bid to acquire Jaiprakash Associates

Adani Enterprises Ltd (AEL), the flagship firm of Gautam Adani, has secured creditor approval for its Rs 14,535 crore bid to acquire the bankrupt Jaiprakash Associates (JAL). The Adani Group company outbid Vedanta and Dalmia Bharat in the race for the infrastructure group. “This is to inform that the Committee of Creditors (CoC) of JAL,…

NCLT Admits Canara Bank Insolvency Plea Against KTPL Over ₹330.40 Crore Default, Orders CIRP Initiation

NCLT admits Canara Bank’s insolvency petition against KTPL, initiating CIRP over a reported ₹330.40 crore loan default | Representative Image Mumbai, Nov 19: The National Company Law Tribunal (NCLT) has admitted an insolvency petition filed by Canara Bank against Karanja Terminal & Logistics Private Limited (KTPL), thereby commencing the Corporate Insolvency Resolution Process (CIRP) under…

After 6 years and R$ 65 billion in debt, find out how Brazil’s largest operator had its bankruptcy declared by the Rio de Janeiro courts.

From unwavering leadership to billion-dollar bankruptcy: Understanding the collapse of Oi. A Brazil’s largest operator went bankrupt. In a conclusion that brings to a close one of the longest and most turbulent attempts at judicial recovery in the country. The trajectory of the Oi group is a complex case study, marked by ambition, power, and…